PROPERTY:

Graces Quarters Rd,  Baltimore, MD   21220

 

DESCRIPTION:

  • Purchase price is $140,500 and construction costs are $30,000.
  • Cash to close is $42,000.
  • Holding $30,000 of the funds which will be reimbursed upon completion of project

 

 

PROPOSED TERMS:

Loan Type: Purchase Construction
Loan Amount: $145,000 1st Mortgage
Value of Subject Property: $250,000
Loan to Value: 58%
Term requested: 9 Month Balloon
Exit Strategy: Resell property
Credit Score 500 / 674